1. The General Fund collected and transterted 5890,000 in tax collections to the debt service fund 5850,000 of this amount was used for a principal payment on outstanding serial bonds and the remainder was used to make the interest payment on the outstanding gecial bonds A585remintseaventut 4. Tax-supponted serial bonds with a 59,100,000 par value wese issused in cash to perma refunding of a 59,400,000 par value istue of term bondo. Assume that ihe term bonds had been issued serverai years earlier at par F is! 6. A $8,900,000 issue of construction bonds was sold at par by the capital projects fund. Debt issuance costs included administrative fees of $80,100 and prepaid insurance costs of $8,900 8. A fown securvs a note payable in the amount of 5155.000 to pay initial expenses for construction of a new police stabion Town adninistrators plan to repay this note within three monthe with tax revenies. 9. A county secures a bond ansicination note in the amount of 8505,000 to pay inidal expenses for construction of a cocivention center The board of county commissioners tecommended that the finance dopartment refinance the bond anticipabon note by issuing a construction bond when construction activity begins